The initial yield benchmark for 7-year STLC Eurobonds is 5.5%

STLC will place Eurobonds denominated in US dollars, with maturity on February 21, 2025, the arranger informs. The initial yield benchmark amounted to 5.5%.

As previously reported, from 9 to 12 February, STLC conducted a road show of dollar Eurobonds in Moscow and London. J.P. Morgan, Renaissance Capital, Citi, Sovcombank, Gazprombank and VTB Capital are the arrangers.

At the moment, two STLC issues of Eurobonds with a size of $ 500 million each are in circulation.